Market When Closed, Tuesday 10 December
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How????
by Alex King, CEO, Cestrian Capital Research, Inc
Bitcoin, as everyone knows, is up bigly and there is every chance it keeps climbing. Now this, it seems, has caused everyone to pile on in size, with leverage. How else can you explain this? Longs liquidated. Not shorts who were hoping for one last pullback before they got smoked. Longs. In a ginormo crypto bull market.
This, actually, is a lesson for us all, since everyone right now considers themselves at least a genius and, more likely, a Master Of The Universe, because their investment choices have performed so well in the last couple years. Yes, everyone would admit, they have had a little help from the market but really and truly it was their skill, their [insert choice of deity]-given instinct that has delivered the good money to their risk accounts. And now - wow! - if they can just make this kind of annual % gain for the next few years then Croesus had better move aside. Now … how about upping that leverage multiple? Come to think of it - kids - kids - pass that college fund password … let’s juice that thing!
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Short- And Medium-Term Market Analysis
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